1. Approval of Un-audited Financial Results for Q1 FY27

The Board of Directors at its meeting held on August 06, 2026 approved the un-audited financial results for the quarter ended June 30, 2026. The results were reviewed and recommended by the Audit Committee and include a Limited Review Report from the company's Statutory Auditors. The financial results are enclosed as Annexure A.

2. Cancellation of Convertible Warrants and Forfeiture of Upfront Subscription Amount

The Board approved the cancellation of 8,00,000 convertible warrants and forfeiture of the upfront subscription amount of ₹2,44,00,000 (Rupees Two Crore Forty-Four Lakh only).

Background: The warrants were originally allotted on December 16, 2024 to non-promoter category investors at an issue price of ₹122 per warrant (face value ₹10 + premium ₹112), aggregating to ₹9,76,00,000. Warrant holders had paid 25% upfront (₹2,44,00,000) and were required to pay the balance 75% within 18 months (by June 15, 2026) to exercise conversion.

Current Action: Despite notices and reminders, the warrant holders failed to pay the balance consideration. Consequently, the warrants lapsed on June 15, 2026. The Board formally cancelled the warrants and forfeited the upfront amount as per Regulation 169(3) of SEBI ICDR Regulations, 2018.

Impact:

  • No change in the paid-up equity share capital of the company
  • Warrant holders lose all rights to conversion
  • Forfeited amount of ₹2,44,00,000 will be retained by the company and accounted for as per applicable accounting standards

Warrant Holder Details:

  • VASM Consultants Private Limited: 2,00,000 warrants forfeited, amount forfeited ₹61,00,000
  • Subhash Phootarmal Rathod: 6,00,000 warrants forfeited, amount forfeited ₹1,83,00,000

3. Resignation of Company Secretary & Compliance Officer

The Board accepted the resignation of Mr. Rahul Maurya from the position of Company Secretary & Compliance Officer (Key Managerial Personnel). His resignation was effective from close of business hours on June 25, 2026. The Board recorded appreciation for his contributions during his tenure. Details are enclosed as Annexure C.

4. Appointment of Company Secretary & Compliance Officer

Based on the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Shivam Sharma as Company Secretary & Compliance Officer effective August 06, 2026. The appointment is pursuant to Sections 203 of the Companies Act, 2013 and Regulation 6(1) of SEBI Listing Regulations. Mr. Sharma is also authorized to determine materiality under Regulation 30 of SEBI Listing Regulations. Details are enclosed as Annexure D.

Meeting Details

The Board meeting commenced at 04:00 PM and concluded at 06:35 PM on August 06, 2026.